Pixim closes $13 Million in new funding
Printer Print Email Email
California: Pixim, a provider of image sensors and processors for enterprise security cameras, has closed $13 million in additional venture capital funding from existing investors Mayfield Fund, Ridgewood Capital and Tallwood Venture Capital. Pixim intends to use the additional working capital to accelerate its growth in worldwide markets and add further market share gains. The company is investing in new product development, expanding its channel marketing programs and broadening its sales reach. "In this current economic climate, announcing any kind of new venture capital funding represents a noteworthy event," said Chris Adams, CEO, Pixim. "This tangible vote of confidence from our existing investors can be attributed to Pixim's growth in the backdrop of an overall down market, and with widespread recognition of the advantages that Pixim's Digital Pixel System technology offers for video security."

siliconindia